IRS finalizes rules for claiming carbon capture tax credits

The Internal Revenue Service and the Treasury Department released final regulations on how businesses can claim a tax credit for use of carbon capture equipment to help the environment.

IRS finalizes rules for claiming carbon capture tax credits


EY and Microsoft expand Xbox blockchain smart contract platform

EY aims to help business-to-business enterprise clients that have contractually driven, multiparty cash flow distributions to create similar blockchain platforms.

EY and Microsoft expand Xbox blockchain smart contract platform


U.K. Financial Reporting Council reports record fine against Deloitte for Autonomy audits

The United Kingdom’s Financial Reporting Council issued a report Wednesday on its sanctions against Deloitte for audits of a British software company that was acquired by HP.

U.K. Financial Reporting Council reports record fine against Deloitte for Autonomy audits


IRS offers guidance on deducting PPP expenses

The Internal Revenue Service and the Treasury Department released guidance on claiming deductions for expenses associated with Paycheck Protection Program loans that have been forgiven.

IRS offers guidance on deducting PPP expenses


IRS again depositing stimulus payments in wrong bank accounts

The Internal Revenue Service is once again depositing the latest round of Economic Impact Payments in the wrong bank accounts in a replay of problems experienced last year by many taxpayers.

IRS again depositing stimulus payments in wrong bank accounts


Are you confused or just procrastinating?

Are you really stuck on a problem or just procrastinating about a hard decision? When it comes to confusion, the most obvious answer is usually the right answer. Try this simple exercise for breaking through confusion.

Are you confused or just procrastinating?


Private sector cut 123K jobs in December, says ADP

Private sector employment declined by 123,000 jobs in December, according to payroll giant ADP, in a sign of continued economic fallout from the COVID-19 pandemic.

Private sector cut 123K jobs in December, says ADP


Pathways to Growth: Client experience done right

How LBMC successfully transformed its relations with its clients.

Pathways to Growth: Client experience done right


Foreign auditor use increasing among U.S. companies

Over one-third of U.S. public company audits rely on at least one audit firm abroad, according to new research.

Foreign auditor use increasing among U.S. companies


IRS overlooks billions in potential taxes from nonfilers

The Internal Revenue Service hasn’t been pursuing cases involving hundreds of billions of dollars in income from individuals and businesses whose income has been showing up in Form 1099-K information returns, but has been otherwise unreported.

IRS overlooks billions in potential taxes from nonfilers